They often exhibit a similar-shaped curve that is shifted right or left from the original (see the chart above with three different short-term Phillips curves). A shift to the left, for example ...

Jason Furman errs in relying on a supposed Phillips curve trade-off between inflation and unemployment in his op-ed “The Fed Can Take Its Time Taming Inflation” (June 17). A plot of inflation ...

The Anti-Phillips Curve Chart: No Relationship between Inflation and Unemployment. People wait in a line outside a career center in Louisville, Ky., April 15, 2021. (Amira Karaoud/Reuters) ...

Phillips curve shifts will also reflect the cross-border spillovers of country-specific policy choices. Furthermore, the sudden abrupt deterioration of financial conditions may cause additional ...

Inflation has climbed since 2021, as the labor market has tightened. Two historical data relationships can account for elevated inflation over the past two years: the Beveridge curve, which relates ...

After which, Hanke and Greenwood doth protest too much. Friedman didn’t discredit the Phillips Curve, rather he just shifted the same faulty principles underlying it to so-called “money supply.” ...

The Phillips curve, named after a New Zealand economist who wrote about the relationship in the U.K. in 1958, isn’t considered to be foolproof. By 2011, ...

Using sectoral data from 24 advanced economies in Europe, higher digitalization and lower trade intensity are shown to be associated with steeper Phillips curves. Post-pandemic Phillips curve ...